Northeast Ohio

Real Estate

November 8, 2024

Happy Friday!

Hope you're doing well and had a great week!

Thank you for checking out this email. If you have any questions, please don't hesitate to reach out.

-Pat

November Update

It's hard to believe it's already time to start preparing for Thanksgiving! I hope you've all been enjoying the unseasonably fantastic weather. Personally, I've been able to do a few extra hikes at the Metro Parks, which is one of my favorite Cleveland hobbies.

In the real estate world, it's as interesting as always out there. In the last month, when representing sellers, I have seen an uptick in demand for move-in ready homes in excellent areas. On those type of listings, I am still seeing multiple offers, all of which are above asking, which allow the seller to pick their preferred terms. I have also sold three listings in the last few weeks to out of state cash investors. These will either be homes that are flipped or serve as long term rentals. As money continues to flock to the region, values and demand are continuing to grow.

For buyers I'm representing, the same tactics that I've suggested since 2020 are still winning today. Speed is important, knowing the goals of the seller and tailoring the offer to fit that, flexible terms, and a local pre approval are still vital and are the keys to winning offers. However, with an increased days on market overall, buyers are gaining slightly more leverage than they had during the Summer market.

The bottom line is, with the right guidance, owners are still commanding top dollar for their listings. And, I am seeing more and more buyers get deals below market as well. Make sure you work with a reputable broker to ensure you are making all of the right moves to protect your largest asset or not overpay for it.

Let me know if there's anything I can help you with! I don't pay to market and my business is based on referrals and clients. I appreciate it!

Cheers,

Pat

FALL BUYER NEEDS

I've been entrusted by several buyers to secure their new home or investment property over the next few months. Here's some of my buyers and what their criteria is. If you know of any properties that may be a match, please let me know! If you'd like me to find a new opportunity for you, or you know someone who needs help finding their next property, please let me know.

1.) Moreland Hills or Gates Mills Turnkey (Fixer Upper OK) $300K-$800K

2.) Cleveland/Lakewood 2-4 Unit in these zip codes '44107', '44111', '44102', '44109', '44113', '44106' $250K-$350K

3.) Single Family Home within 8 miles of Cleveland Heights with large backyard $195K-$250K

4.) Condo within 25 minutes of Lakewood $300K-$400K

5.) Move-in ready inner ring suburb with central air $300K-$450K

6.) Single Family flip opportunity in 44118 Cleveland Heights

7.) Orange, Chagrin Falls, Shaker Heights, Mayfield "exceptional property" 600K+

8.) Western Lakewood 4+ Bedroom 450K+

9.) 3 Bedroom and 3 Bathroom in Orange, Mayfield, or South Euclid $175K-$305K

10.) Avon or Westlake 4+ Bedrooms $500K-$725K

11.) Ohio City or Tremont with central air and move-in ready up to $450K

12.) Cleveland Heights (or nearby) with first floor master condo up to $450K